2011-04-18, 12:35 | Link #13122 | ||
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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2011-04-18, 16:27 | Link #13124 |
Knight Errant
Join Date: Dec 2007
Location: Dublin, Ireland
Age: 35
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You know who advertises silver and gold panic buying to guard against inflation?
Gold and Silver mine owners! What value does Gold and Silver have? None! It's only value is that people want it, like normal money... What I want to know, is what will happen to all the people who panic bought precious metals when people decide to start selling theirs and convert it to usable cash? Exactly what happened to Vexx. Now I can't really reccomend an alternative investment either, it's not gold though. Probably stocks in Pornography, Alcohol or Tobacco would be a good idea, people are always buying those. |
2011-04-18, 16:30 | Link #13125 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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if nothing else it is some place you can live and grow food on.
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2011-04-18, 16:41 | Link #13126 | |
Knight Errant
Join Date: Dec 2007
Location: Dublin, Ireland
Age: 35
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However it depends on the region and type of land. You may be able to do something with farm land or forestry. |
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2011-04-18, 17:23 | Link #13127 |
Senior Member
Join Date: Mar 2007
Location: Australia
Age: 41
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SNSD (Girls Generation) attacked on stage by stranger, tries to drag Taeyeon off
I am pretty sure he just wanted her autograph. /sarc
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2011-04-18, 17:52 | Link #13128 | |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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2011-04-18, 18:03 | Link #13129 |
blinded by blood
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Precious metals do have significant value.
Silver and gold are frequently used in a lot of technology. Gold is especially useful where corrosion is a concern--geothermal power plants make liberal use of gold due to the extremely volatile gases encountered in these locations. Silver is used extensively in electronics, especially with the RoHS standard, which most European countries have adopted, which bans the use of lead in solder. Silver is also used in film photography (particularly black & white photography) and in many chemical and electrical applications. Platinum is used as the anode in hydrogen fuel cells as well as in the automotive industry (spark plug contacts). These uses are all much more important and pragmatic than silly jewelry.
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2011-04-18, 18:12 | Link #13130 |
Dansa med oss
Join Date: Jun 2006
Location: Near Cincinnati, OH, but actually in Kentucky
Age: 36
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It looked like a typical reaction to me. I've performed on stage before, and generally your mindset is to keep doing your thing regardless of what happens around you. Unless the fire alarm goes off or the music stops, which is what snapped them out of it in this case.
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2011-04-18, 18:22 | Link #13131 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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2011-04-18, 18:37 | Link #13133 |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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(shrug) the *industrial value* of gold/silver/diamonds is far, far less than the currently hyper-silly speculative value on the metals market (which frankly smells way too much of shenanigans by the Big Boy players ala Hunt Bros.).
metals have no intrinsic value outside of what you can *do* with them. Anything else is the consensus agreement that it has some arbitrary value and it is just another commodity like pork, salt, or other barter equivalent.
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2011-04-18, 19:06 | Link #13134 | |
Sensei, aishite imasu
Join Date: Mar 2008
Location: Hong Kong Shatterdome
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I'll admit. Having something like this happen to a famous celebrity group in the middle of a performance is kind of surprising. I wouldn't expect security to even let someone like that get on stage, much less start dragging a vip away. I'd definitely have expected for the guy to get violently dog pilled afterward. Though doing something like this live is pretty damn crazy. I'm inclined to think mental illness was involved. |
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2011-04-18, 19:14 | Link #13135 | |
Knight Errant
Join Date: Dec 2007
Location: Dublin, Ireland
Age: 35
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Frankly the best thing to do is to get stocks or bonds, particularly in a business you're familiar with. Particularly low-risk stock. For instance a company that dominates a key niche, say mining or chemicals, isn't going to disappear anytime soon. |
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2011-04-18, 21:08 | Link #13136 |
Aria Company
Join Date: Nov 2003
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The problem with the potato standard is a resurgence of potato blight can completely crash your economy. You might want to hedge against this by backing your currency with wheat, corn, oats, rice, and barley in addition to potatoes.
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2011-04-18, 21:15 | Link #13137 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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Quote:
The worlds civilizations was built on these items. A much more solid value then something like gold and silver.
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2011-04-18, 21:20 | Link #13138 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Why I Don’t Trade Gold Btw, Kiyosaki's books are motivational at best. Even Donald Trump's "You have Three Minutes!" is worth much more in content than his "Rich Dad" series. And rice and fish. SEA live on those!
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2011-04-18, 21:32 | Link #13139 |
Senior Member
Join Date: May 2009
Location: classified
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Aw, for shame.
None of you even mentioned Feudal Japan using rice as currency...and you call yourselves anime fans. I'm also surprised, since all of you are having so much fun with this, that none of you mentioned silver's use to kill werewolves or the like. I can sit back and smile about this, because I've benefitted greatly from putting part of my portfolio in precious metals. I do agree with DonQuigleone in part. It is wise to diversify your wealth into various areas, including stocks and bonds. But for security precious metals are best. In 1998 I purchased 1000 ounces of silver (in 1 ounce rounds) for $5250.00, that's $5.25 per ounce. I also purchased gold (won't tell how much ) at $285.00/ounce in 2000. You can probably guess why I trust gold and silver over everything else. @SaintessHeart, I read the gent's article but couldn't stop laughing at it because of the Goldline advertisement on the page. His admission on how "Tricky Dick" took us off the gold exchange system (which in turn caused massive inflation in the 1970s) is more proof of why fiat money is worse than specie money than it does to support the current fiat based system. Anyway, this is supposed to be the news stories thread and I've hijacked it long enough. BRICS Make Move to Shove Dollar Aside http://finance.yahoo.com/banking-bud...&asset=&ccode= Wall Street shares slump as S&P downgrades US debt outlook http://www.guardian.co.uk/business/2...-credit-rating
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Last edited by GundamFan0083; 2011-04-18 at 21:45. |
2011-04-18, 21:47 | Link #13140 | ||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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If you want security, I'd say financial education and an understanding of macroeconomics is the best. A series of sizeable trades offsets the risk by diversification, but a single trade in a single commodity can wipe out your entire capital. Finally, the precious metals trick will happen again, but the profit increase won't be as much as compared to regular investing - because people get smarter, but there will be some stupid ones around, and the stupid ones don't have as much cash as the smart ones so you won't earn as much from them as the smart ones who make mistakes in their trades.
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current affairs, discussion, international |
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